Real Estate Results, LLC Acquires Multifamily Property In Boston, MA For $1.26M
308-310 Faneuil St, Boston, Brighton, Massachusetts, USA
$1,262,000
$361/SF
Building Size
3,490 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
AI
The multifamily property located at 308-310 Faneuil St in Boston, MA was recently sold for a total of $1,262,000. The sale took place on November 9, 2021. The property consists of 3 units, with a price per unit of $420,667. It spans across a total area of 3,490 square feet, with a price per square foot of $362.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,262,000
- Date: 11/09/2021
- Address: 308-310 Faneuil St
- Market: Boston, MA
- Units: 3
- Price per Unit: $420,667
- Square Footage: 3,490
- Price per Square Foot: $362
The buyer was represented by Matthew Lane from Real Estate Results, LLC, while the seller was represented by The McLaren Team from Compass.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.57%
Cash-on-Cash
-3.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93